HDFC Bank adds capital gains & losses reports feature in SmartWealth App

BUSINESS

HDFC Bank adds capital gains & losses reports feature in SmartWealth App

AIMPWA

May 15, 2025

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The HDFC SmartWealth App has been downloaded over 3 lakh times since its launch
| Photo Credit:
SHAILESH ANDRADE

HDFC Bank has introduced an industry-first feature of accessing capital gains and losses report on its SmartWealth App. This will make investment tracking and tax planning significantly easier for users.

The new feature along with several user experience enhancements, empowers investors to gain better insights into their mutual fund performance across all platforms.

It enables users to track capital gains across all their mutual fund investments, including those made outside the HDFC Bank SmartWealth platform.

With this comprehensive report, users can now access their complete investment performance in one place, eliminating the need to gather statements from multiple sources.

Users can also generate reports for the current financial year, previous year or any custom date range they choose.

The report also provides clear visibility into portfolio performance for better investment decisions.

The SmartWealth App has been downloaded over 3 lakh times since its launch. The rising adoption reflects how investors across urban and semi-urban centres are increasingly relying on structured, do-it-yourself platforms to manage their portfolios.

SmartWealth has also integrated other features that support financial planning across user segments.

Its Instant SIP capability allows investors to start a mutual fund SIP the same day, enabling faster action in dynamic market conditions.

The app’s Unified Dashboard presents an aggregated view of mutual funds, FDs, and demat holdings, helping users better understand their financial posture at any given moment.

Additionally, users can explore and purchase life and health insurance plans directly in the app.

Beyond functionality

With the recent launch of its Hindi version, the app brings financial tools closer to first-time and regional investors, a step aligned with India’s broader objective of financial inclusion.

The new feature is now available on the latest version of the app, and users are encouraged to update their application to access this innovative tool.

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Published on May 15, 2025

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